tomo logo

$349,900

Beds
3
Baths
2.0
sq ft
Unknown

2977 5th St SW, Atlanta, GA 30315

2977 5th St SW

Atlanta, GA 30315

  • 22 days on market
    • Price drop $5,100↓
DUPLEX DUPLEX!!! $4,175 POTENTIAL MONTHLY AIRBNB GROSS INCOME! This Single-Family Home is set up like a DUPLEX, making it a GREAT OPPORTUNITY for a FIRST-TIME HOMEBUYER or an AIRBNB INVESTOR. The property is located in an area with HIGH DEMAND from AIRBNB GUESTS and has been FULLY RENOVATED. The Main Unit is a 2-Bedroom, 1-Bath, while the Second Unit is an In-Law Suite (1-Bedroom, 1-Bath). Projected Airbnb Data estimates a $2,575 MONTHLY INCOME. A FIRST-TIME HOMEBUYER could live in the Main Unit and rent out the In-Law Suite, helping OFFSET MORTGAGE PAYMENTS. Alternatively, an INVESTOR could Airbnb both units and achieve a 12% ANNUAL CAP RATE. 100% financing programs are available.

Details

Property type

Single Family Residence

Est. home value

$245,269

Property condition

Updated/Remodeled

Lot size

0.25 acres

Price per sq ft

Unknown

Year built

1950

Annual property taxes

$3,809

HOA

No

Price History

12/19/2024
FMLS

FMLS #7492118

Price change
$349,900
-1.44%
12/11/2024
FMLS

FMLS #7492118

Price change
$355,000
-2.74%
11/29/2024
FMLS

FMLS #7492118

Listed
$365,000
+2.82%

Schools & Community

Neighborhood: 

Hammond Park

Elementary school: 

Emma Hutchinson

Middle school: 

Crawford Long

High school: 

South Atlanta

Community features: 

Airport/Runway

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$128,789
Asking price
$349,900
Closing costs (~8% of asking)
-$27,992
Est. remaining loan balance
-$193,119
Cash to seller
$128,789

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Southpoint Financial

Loan start date

July 2021

Original loan amount

$208,550

Est. remaining balance

$193,119

Interest rate

3%

Loan type

New Conventional, 30 year

Seller

Oireme Higo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 11:05 AM

Listing updated: 12/21/2024 at 3:40 PM

Listed by: Gabriel Bettsack, Keller Williams Realty Atl North Phone #: (770) 509-0700

MLS: FMLS #7492118

FMLS logo

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